Forex Millionaire: The Concepts Made me $15 Million Trading (2024)

Forex Millionaire: The Concepts Made me $15 Million Trading (2)

The Key to Achieving Forex Millionaire Status Goes Beyond Practice and having the best trading Methodology

Many claims that constant practice and employing the best trading methodology are the secrets to becoming a Forex millionaire. However, the reality is far more complex.

I’ve dedicated substantial time and effort to test over 150 trading indicators, experiment with more than 20 trading strategies, attend numerous seminars, and extensively research online.

Yet, none of these endeavors have led me to the desired outcome.

Why is that the case?

It’s because the path to Forex trading success, particularly to become a millionaire, goes beyond practice and finding the perfect trading methodology.

So, what truly is the secret? The investor’s perspective.

Let’s be clear: we’re discussing becoming a Forex millionaire, not someone with a net worth of $1 million through alternative ventures like real estate or other assets.

In this context, I’ve studied the approaches of over five highly successful financial traders who have made fortunes from trading — individuals such as George Soros, Paul Tudor Jones, and Bruce Kovner.

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What I’ve discovered is that these individuals view trading as an investment opportunity rather than a mere speculative game.

Their focus is on long-term profitability and sustainable growth, rather than short-term gains.

What does this mean?

These billionaire traders understand the principles of wealth management and apply them to their trading concepts, which has enabled them to achieve extraordinary financial milestones through trading.

Believe me, these principles still hold in today’s financial landscape.

However, what do all these billionaire traders have in common? A hedge fund management company.

What does a Hedge Fund Management Company do?

They trade using investors’ capital and share the profits, utilizing the concept of “compounding returns.

Approaching the market from an investor’s perspective is a highly significant concept in trading.

It means recognizing that the forex market is not merely a place to make money, but rather an opportunity to grow your capital.

Here’s the truth:

You cannot achieve wealth through forex trading solely with your capital; you need the support of investors’ funds. That’s why forex billionaires like George Soros, Paul Tudor Jones, and Bruce Kovner all have hedge fund companies.

This approach serves as the foundation for embarking on the journey of becoming a forex trader and working towards millionaire status. Why? Because the larger your capital, the greater your potential returns per successful trade.

I can explain.

Using a risk-to-reward ratio of 3:10, we risk 3% of our capital to potentially earn 10% for each trade.

For example, if you trade with a position size of $1,000, you would risk $30 to potentially earn $100.

To maximize profits, we focus on trading less frequently. This means selecting only the best trades each month.

For every five successful trades, we achieve a 50% return on our investment, totaling $500.

Let’s do the math.

After five successful trades in a month, you would achieve a 50% return on your investment, amounting to $500.

By consistently selecting the best trades each month, you would reach a 100% return on investment within a month.

Over 12 months, your return on investment would reach 600%, equaling $6,000.

While it’s inevitable to encounter losses, if we subtract the initial $1,000 from the $6,000, we’re left with a 500% return on investment, amounting to $5,000.

By repeating this process with a $10,000 trading account, a 500% return on investment yields $50,000, and with a $100,000 account, it yields $500,000.

There is no other investment vehicle in the world capable of producing such impressive returns, which is what makes trading superior.

A study by Barclay Hedge revealed that, on average, hedge funds in its universe generated net annualized gains of 7.2 percent.

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Even billionaire forex traders like George Soros and their hedge fund companies achieve an average annual return on investment of 20%, and their investors are happy with it.

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However, it’s crucial to remember that trading comes with inherent risks, so it’s advisable to manage expectations.

The higher your capital, the lower the risks and the greater the investment returns.

Now you understand the essence of this concept.

Rather than attempting to turn a $1,000 account into $100,000, which could expose you to unfavorable market conditions and potential account loss, it’s wiser to focus on compounding returns and secure larger funds.

That’s how you pave the way to becoming a millionaire.

Now, back to my story.

Here is the video version.

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In the final quarter of 2021, my life took an unexpected turn with a phone call from one of my dedicated Forex students, Josh.

Josh had been following my YouTube channel, where I shared my trading style and accurate market predictions from my trader talk videos.

He was impressed by my expertise, so he reached out to inform me about an incredible opportunity that could reshape my career.

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Josh revealed that a prestigious multi-millionaire fund management company he was associated with was seeking a skilled Forex trader to manage funds on their behalf.

After numerous discussions, they invited me for a meeting that had the potential to propel my career to new heights.

To my greatest surprise, the company spared no expense in making me feel welcome.

Not only was I whisked away to the meeting on a private jet.

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an experience that exemplified the magnitude of the opportunity that awaited me, but I was also lodged in the most expensive hotel in Doha. The Four Seasons Hotel!

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During the meeting, I had the chance to showcase my trading skills and demonstrate my proficiency in navigating the complex world of Forex.

I presented my trading track record and shared valuable insights that resonated with the public.

The company was thoroughly impressed by my achievements based on my track records and the depth of knowledge I possessed.

They displayed unwavering confidence in my abilities by entrusting me with a substantial capital of $15 million to trade on their behalf.

This remarkable opportunity not only transformed my career but also enabled me to generate $15 million in profits through Forex trading.

If you’d like to delve into the full story, you can watch it here:

I am Dapo Willis.

I started trading the forex market when I was 17 and since then, I have gathered experiences enough to allow me to become successful trading the forex market.

Here is the link to an article where I detail my background and experience with forex trading.

So, what trading approach and strategy do I use that made these investors invest in my trading?

My trading approach involves the use of top-down analysis.

You may ask, What is Top-Down Analysis?

Top-down analysis involves the use of higher time frames such as weekly and monthly, to anticipate the overall direction of the market, and then take my entries on lower time frames like the 4-hour or 1-hour in the direction of the higher timeframe.

So here is how I do it

I make use of the monthly timeframe to draw my key levels in the market.

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Next, I drop lower to the weekly timeframe to identify chart patterns.

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I then go to the daily timeframe to check for more convincing patterns and/or place my entries.

In this case, the daily timeframe is my entry time frame.

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So what strategy did I use to enter into this trade exactly?

It was Head and Shoulders + retest.

Let’s analyze more critically.

As you can see, the market had formed this beautiful head and shoulders pattern on the weekly timeframe, which became more obvious on the daily timeframe.

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As you can recall, the head and shoulders pattern indicates a change in the direction of the market.

The break and retest of the neckline plus the pin bar that was formed on the daily timeframe, all alluded to the fact that the market was changing its direction.

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And I took my entry accordingly.

Simple and without the use of any indicator.

So, this is my approach and how I trade the forex market.

I understand that just one example would not be enough to illustrate how I trade.

So, if you want to know how I combine different price action patterns to deliver an entry, then you should check out this article.

In this section, I share with you 3 major things you need to do to make $15 Million from Forex trading.

Achieving a $15 million profit from trading forex requires a solid foundation of knowledge and expertise.

Your ability to interpret market movements and navigate the trading arena relies heavily on your understanding of market dynamics.

To acquire this essential knowledge, it is crucial to invest in your education.

Seek out reliable sources such as seminars, webinars, courses, and even free educational content available on platforms like YouTube, including my own channel.

To facilitate your learning journey, the Forex Mastery course has been specifically designed to provide you with comprehensive knowledge and the necessary skill set to navigate the complexities of the Forex market.

Additionally, my free YouTube channel offers valuable resources, such as Traders Talk, where I release weekly videos discussing potential market opportunities with traders and how they can leverage them to their advantage.

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By investing in education and continuously expanding your knowledge base, you enhance your ability to make informed trading decisions and increase your chances of reaching the remarkable milestone of generating $15 million from forex trading.

Once you have gathered sufficient knowledge of the market, you then need to master your trading strategy as this will enable you to get in and out of the trades profitably in the long run.

Mastering your trading strategy and sticking to it would automatically attract investors to you.

From my story, you can see the importance of having a trading journal.

It was my well-documented trading journal that those investors accessed that gave them the confidence to invest such a colossal amount with me.

So, for you too to m15 Million dollars lars in trading, you need to have a well-packaged trading journal that can be sent to investors.

My Forex Mastery students have a dashboard where they can send in their journals so that we can access, and provide investors for them.

The answer is yes! Forex can make you a millionaire if you are a hedge fund trader with a large sum.

But forex from rags to riches for the majority is usually a rocky and bumpy ride which often leaves some traders in their dreams.

Here’s what you need to keep in mind;

While forex trading can provide you with opportunities for significant profits, it is crucial to approach it with caution and a realistic mindset.

Many factors, including market volatility, economic conditions, and unforeseen events, can impact your trading outcomes.

Always assess your financial situation, risk tolerance, and investment goals before engaging in forex trading.

Good luck With Trading!

Forex Millionaire: The Concepts Made me $15 Million Trading (2024)


Has anyone gotten rich from forex trading? ›

One of the most famous examples of a forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.

How to turn $100 into $1000 in forex? ›

How to Grow Your 100 Dollar Forex Account From $100 to $1000
  1. Save up and start with at least $100 in your account.
  2. Use a broker that has low fees.
  3. Use leverage effectively.
  4. Consider using a robo-advisor to automate your Forex trades.
  5. Diversify your portfolio by investing in different currency pairs.

Why do 95% of forex traders lose money? ›

Poor Risk Management

Improper risk management is a major reason why Forex traders tend to lose money quickly. It's not by chance that trading platforms are equipped with automatic take-profit and stop-loss mechanisms.

Are forex millionaires real? ›

It is also not impossible to achieve as pessimists and those who have been burned will want you to believe. I am a living example of people that have become millionaires through Forex trading not by luck or one lucky run, but by consistent winnings and very few losses over a long period.

Can forex make you a millionaire? ›

To come back to our question, can you become a millionaire from forex trading? The answer is that it is possible, but this doesn't happen to everyone and not overnight. Having realistic expectations is paramount when trading forex.

Is it possible to grow a $10 dollar forex account? ›

To be able to grow a small or a $10 forex account easily, you need to trade in a trending market. That is because it makes it easy for you to get nice entry and exit points and also identify your potential profit targets. And that goes by the saying, the trend is your friend.

Is $50 dollars enough for forex trading? ›

Trading forex with $50 may seem like a daunting task, but it is certainly possible. With proper risk management and a sound trading strategy, you can make the most out of your limited funds.

Is $500 enough to trade forex? ›

This forex trading style is ideal for people who dislike looking at their charts frequently and who can only trade in their free time. The very lowest you can open an account with is $500 if you wish to initiate a trade with a risk of 50 pips since you can risk $5 per trade, which is 1% of $500.

Do billionaires trade forex? ›

Even billionaire forex traders like George Soros and their hedge fund companies achieve an average annual return on investment of 20%, and their investors are happy with it. However, it's crucial to remember that trading comes with inherent risks, so it's advisable to manage expectations.

Is Warren Buffett a forex trader? ›

Warren Buffett, primarily known for his prowess in the stock market, has also ventured into forex trading, showcasing adaptability and strategic thinking. His story exemplifies the potential for individuals from traditional finance to excel in the dynamic forex landscape.

Who is the billionaire trader? ›

Rakesh Jhunjhunwala
OccupationsInvestor Stock trader
SpouseRekha Jhunjhunwala ​ ( m. 1987)​
AwardsPadma Shri (2023; posthumously)
5 more rows

What is the number one mistake forex traders make? ›

One of the most common mistakes new forex trading make is not having a trading plan. A trading plan is a written set of rules that outlines a trader's entry and exit points, risk management strategies, and other important details.

Why are forex traders not rich? ›

One of the main reasons Forex traders frequently experience a sudden loss of money is inadequate risk management. Trading platforms with automatic take-profit and stop-loss algorithms are not by chance. Acquiring mastery with them will significantly improve a trader's chances of success.

Why most traders never succeed in forex? ›

Successful forex trading requires discipline and adherence to a well-defined trading plan. However, many traders fail to develop or stick to a trading plan. They may deviate from their strategies, chase after quick profits, or make impulsive trades based on short-term market fluctuations.

How much can you make with $1000 in forex? ›

Well, this depends on how much you're risking per trade. If you risk $1000, then you can make an average of $20,000 per year. If you risk $3000, then you can make an average of $60,000 per year. If you risk $5000, then you can make an average of $100,000 per year.

How much can forex traders make a day? ›

On average, a forex trader can make anywhere between $500 to $2,000 per day. However, this figure can vary significantly depending on market conditions, trading strategy, and risk management techniques. Some traders may make more than $2,000 in a single day, while others may make less or even incur losses.

How much money do day traders with $10,000 accounts make per day on average? ›

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

How much does the average forex trader make? ›

Forex Trader Salary
Annual SalaryWeekly Pay
Top Earners$192,500$3,701
75th Percentile$181,000$3,480
25th Percentile$57,500$1,105

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